Category : Search result: bank penalty


Russian court fines Austrian bank Raiffeisen $400m

A Russian court has ordered Austria's Raiffeisen Bank to pay nearly $400 million in compensation to a company linked to sanctioned oligarch Oleg Deripaska. The bank says it will appeal.

Lecturer Penalizes Student for AI-Written Project

A Nigerian lecturer's viral video shows her cancelling a student's entire project for using ChatGPT word-for-word. She explains the smart way to use AI for academic work. Read more.

Fast Ways to Block Your Union Bank Account

Learn the quickest methods to block your Union Bank account using USSD *826*6#, the UnionMobile app, or customer care. Protect your funds instantly during emergencies.

Burkina Faso Junta Brings Back Death Penalty

Burkina Faso's military rulers announce the return of the death penalty for treason and terrorism, alongside new anti-LGBTQ laws. Get the full details on this major policy shift.

82 Nigerian Women on Death Row, Group Seeks Halt

ASF France reveals 82 Nigerian women face execution, highlighting gender bias and poverty in the justice system. Advocates demand a moratorium and recognition of domestic violence as a mitigating factor.

Lagos Tenancy Bill 2025: Offences & Penalties Detailed

The proposed Lagos State 2025 Tenancy Bill introduces strict penalties, including fines up to N1,000,000 and imprisonment, to curb exploitative housing practices. Learn the key offences for landlords, agents, and tenants.

$5B Africa Energy Bank HQ Complete in Abuja

Nigeria has completed the headquarters of the $5 billion Africa Energy Bank in Abuja. Minister Heineken Lokpobiri confirms all host obligations are met, paving the way for operations to begin. Read more.

CBN sells $36.60m to banks amid naira depreciation

Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.

Senate Approves Death Penalty for Kidnapping

Nigerian Senate classifies kidnapping as terrorism, imposing mandatory death penalty. Recent abductions in Kano, Niger, Kwara, and Kebbi states highlight urgent security crisis.

Senate okays death penalty for kidnappers

Nigerian Senate calls for death penalty for kidnappers and firearms law review to combat rising insecurity in Kwara, Kebbi, and Niger States. Urgent federal intervention demanded.

Naira weakens to N1,456.72/$ as economy faces pressure

Naira depreciates by 0.98% to N1,456.72/$ amid dollar demand and structural challenges. Nigeria's foreign reserves rise to $44.12 billion despite oil price decline. Learn more about the economic outlook.

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